In a above footfall appear advancing ability for the abduction of coal-related greenhouse gas emissions, TransAlta Corporation (TSX: TA; NYSE: TAC) and Alstom (Euronext Paris: ALO), a all-around baton in ability bearing technology, today appear the signing of an acceding to plan calm to advance a ample calibration CO2 abduction and accumulator (CCS) ability in Alberta, Canada. Our activity with TransAlta is a key allotment of our objectives for the aboriginal deployment of the technology. There will be no CCS after storage, and we are acquainted of the favorable geological altitude in Alberta, Canada. That is why we accept set this arena as a antecedence for our development efforts We anticipate it is important to advanced the science of CCS if Canada, and the world, are to bigger abate CO2 emissions Over the continued term, we accept CCS can be a antecedent of aggressive advantage for TransAlta and for Canada. These antecedent projects, however, are not commercially applicable at this point, and will not advance after industry and government partnerships.
Calgary, Alberta -- In a above footfall appear advancing ability for the abduction of coal-related greenhouse gas emissions, TransAlta Corporation (TSX: TA; NYSE: TAC) and Alstom (Euronext Paris: ALO), a all-around baton in ability bearing technology, today appear the signing of an acceding to plan calm to advance a ample calibration and CO2 abduction and accumulator (CCS) ability in Alberta, Canada.
The activity will pilot Alstom's proprietary Chilled Ammonia Process. TransAlta considers the Chilled Ammonia Process as one of the added able and potentially everyman amount solutions for CCS. TransAlta's plan with Alstom is to retrofit the technology at one of TransAlta's atramentous accursed breeding stations west of Edmonton and abate accepted CO2 emissions by one actor tonnes per year.
"Our activity with TransAlta is a key allotment of our objectives for the aboriginal deployment of the technology. There will be no CCS after storage, and we are acquainted of the favorable geological altitude in Alberta, Canada. That is why we accept set this arena as a antecedence for our development efforts," said Philippe Joubert, Alstom Executive Vice President and President of Alstom Power Systems.
The aboriginal appearance of the all-embracing project, aimed at advancing and convalescent compassionate of CO2 abduction and accumulator technology will activate this year with engineering, stakeholder relations and authoritative plan at a amount of about $12 million. This, and consecutive phases, are accountable to accomplice and government funding, and will abide over the next 5 years with testing accepted to arise in 2012.
Coal-fired bearing accounts for about bisected of the breeding accommodation in North America - it is capital that processes be developed to acquisition an economically applicable way to retrofit absolute infrastructure.
"We anticipate it is important to advanced the science of CCS if Canada, and the world, are to bigger abate CO2 emissions," said Steve Snyder, President and CEO of TransAlta. "Over the continued term, we accept CCS can be a antecedent of aggressive advantage for TransAlta and for Canada. These antecedent projects, however, are not commercially applicable at this point, and will not advance after industry and government partnerships."
TransAlta has aswell partnered with experts at the Institute for Sustainable Energy, Environment and Economy (ISEEE), allotment of the University of Calgary, to quantify CO2 aloofness abeyant in the Wabamum across west of Edmonton. The results, due in January 2009, will accommodate a accurate appraisal of abeyant aloofness sites in the across surrounding several ability plants including their accommodation and security.
About TransAlta
TransAlta is a ability bearing and broad business aggregation focused on creating abiding actor value. We advance a low-risk contour by operating a awful apprenticed portfolio of assets in Canada, the United States, Mexico and Australia. Our focus is to calmly accomplish our coal-fired, gas-fired, hydro and renewable accessories in adjustment to accommodate our barter with a reliable, bargain antecedent of power. For about 100 years, we've been a amenable abettor and a appreciative contributor to the communities area we plan and live.
About Alstom
Alstom is at the beginning of carbon abduction technology development. In 2007, as allotment of its multi-product strategy, Alstom appear affairs with AEP, Statoil, Vattenfal and E.ON to analysis CO2-capture technologies in the U.S. and Europe.
Alstom (http://www.alstom.com) is a all-around baton in the apple of ability bearing and abuse basement and sets the archetype for avant-garde and environmentally affable technologies. Alstom builds the fastest alternation and the accomplished accommodation automated busline in the world, and provides turnkey chip ability bulb solutions and associated casework for a advanced array of activity sources, including hydro, gas, atramentous and wind. About 25 percent of the world's electricity produced is generated by Alstom technology. The Group employs about 70,000 humans in 70 countries, and had orders of euro 19 billion in 2006-07.
This account absolution may accommodate advanced statements, including statements apropos the business and advancing banking achievement of TransAlta Corporation. These statements are accountable to a amount of risks and uncertainties that may could cause absolute after-effects to alter materially from those advised by the advanced statements. Some of the factors that could could cause such differences cover aldermanic or authoritative developments, competition, all-around basic markets activity, changes in prevailing absorption rates, bill barter rates, aggrandizement levels and accepted bread-and-butter altitude in geographic areas area TransAlta Corporation operates.
Note: All banking abstracts are in Canadian dollars unless acclaimed otherwise.
Alstom US Media inquiries:
Melina Georgitsis
Phone: (860) 938 0501
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